Another try at a trailing stop

• 06/22/2022 at 10:48 AM #195831
  RGTurner

  Hi Everyone,

  I’m very new to PRT and coding but decided to try my hand at writing a simple trailing stop. I’d be thrilled if anyone could take a look at what I’ve done and let me know why it’s not working. At this stage, the code enters a position but doesn’t seem to exit where the trailing stop probably should. Any guidance appreciated.

  DEFPARAM CumulateOrders = False // Cumulating positions deactivated indicator1 = ExponentialAverage[20](close) c1 = (close < indicator1) If c1 Then buy 1 contract at market endif if BarIndex - TRADEINDEX >0 and close > tradeprice then slprice = highest[(BarIndex - TRADEINDEX)](close) - 2 else slprice = tradeprice - 20 endif if onmarket and close[1] > slprice and close < slprice then sell at market endif

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  DEFPARAM CumulateOrders = False // Cumulating positions deactivated   indicator1 = ExponentialAverage[20](close) c1 = (close < indicator1)   If c1 Then buy 1 contract at market endif   if BarIndex - TRADEINDEX >0 and close > tradeprice then slprice = highest[(BarIndex - TRADEINDEX)](close) - 2 else slprice = tradeprice - 20 endif   if onmarket and close[1] > slprice and close < slprice then sell at market endif

   

   

  

  RGTurner

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  06/22/2022 at 6:28 PM #195881
  robertogozzi

  Try this one:

  DEFPARAM CumulateOrders = False // Cumulating positions deactivated indicator1 = ExponentialAverage[20](close) c1 = (close > indicator1) If c1 Then buy 1 contract at market slprice = 0 endif if BarIndex - TRADEINDEX >0 and close > tradeprice then slprice = max(highest[(BarIndex - TRADEINDEX)](close) - 2,slprice) else slprice = max(tradeprice - 20,slprice) endif if onmarket and close[1] > slprice and close < slprice then sell at market endif graphonprice slprice coloured(0,128,0,155)

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  DEFPARAM CumulateOrders = False // Cumulating positions deactivated indicator1 = ExponentialAverage[20](close) c1 = (close > indicator1) If c1 Then buy 1 contract at market slprice = 0 endif if BarIndex - TRADEINDEX >0 and close > tradeprice then slprice = max(highest[(BarIndex - TRADEINDEX)](close) - 2,slprice) else slprice = max(tradeprice - 20,slprice) endif if onmarket and close[1] > slprice and close < slprice then sell at market endif graphonprice slprice coloured(0,128,0,155)

  

  robertogozzi

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  06/23/2022 at 2:49 AM #195901
  RGTurner

  Thanks Roberto, really appreciate your response but that version doesn’t seem to work either. It still won’t exit trades and for some reason your version buys at way over the market rate.

   

  

  RGTurner

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  06/23/2022 at 11:30 AM #195942
  robertogozzi

  Please post:

  • Instrument traded
  • TF used
  • date & time of the bar where an incorrect exit occurred or did not but should have

  so I can specifically check it.

   

  

  robertogozzi

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  06/28/2022 at 11:48 PM #196350
  RGTurner

  Hey Roberto,

  Thanks for your reply, sorry for not getting back to you, I’ve just been trying to learn a bit more about the coding. I might have another go and then come back with more questions in the future.

  Cheers

  Steve

  

  RGTurner

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